Federated Hermes Inc. Buys 27,959 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Federated Hermes Inc. increased its stake in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 21.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,302 shares of the company's stock after acquiring an additional 27,959 shares during the period. Federated Hermes Inc. owned approximately 0.22% of Energizer worth $4,676,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Central Pacific Bank Trust Division acquired a new stake in Energizer in the 1st quarter valued at about $64,000. Quadrant Capital Group LLC boosted its holdings in Energizer by 35.9% during the fourth quarter. Quadrant Capital Group LLC now owns 3,738 shares of the company's stock worth $118,000 after buying an additional 987 shares in the last quarter. SG Americas Securities LLC grew its position in Energizer by 27.7% in the first quarter. SG Americas Securities LLC now owns 4,238 shares of the company's stock worth $125,000 after buying an additional 919 shares during the last quarter. Cullen Frost Bankers Inc. increased its holdings in shares of Energizer by 2,650.0% in the second quarter. Cullen Frost Bankers Inc. now owns 4,565 shares of the company's stock valued at $135,000 after buying an additional 4,399 shares in the last quarter. Finally, Welch Group LLC acquired a new stake in shares of Energizer during the 2nd quarter valued at $207,000. Institutional investors and hedge funds own 93.74% of the company's stock.

Energizer Stock Up 0.3 %

ENR stock traded up $0.10 during midday trading on Thursday, reaching $29.29. The company had a trading volume of 577,295 shares, compared to its average volume of 555,638. The company has a 50 day moving average of $30.27 and a two-hundred day moving average of $29.32. The company has a market capitalization of $2.10 billion, a P/E ratio of 24.61 and a beta of 1.04. Energizer Holdings, Inc. has a 1 year low of $26.92 and a 1 year high of $36.72. The company has a current ratio of 1.99, a quick ratio of 1.01 and a debt-to-equity ratio of 26.04.

Energizer (NYSE:ENR - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.12. Energizer had a return on equity of 137.24% and a net margin of 0.35%. The firm had revenue of $701.40 million during the quarter, compared to analysts' expectations of $704.86 million. During the same quarter last year, the firm earned $0.54 earnings per share. The business's revenue for the quarter was up .3% on a year-over-year basis. On average, equities research analysts expect that Energizer Holdings, Inc. will post 3.27 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 22nd were issued a $0.30 dividend. The ex-dividend date was Thursday, August 22nd. This represents a $1.20 dividend on an annualized basis and a yield of 4.10%. Energizer's dividend payout ratio is currently 100.84%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Truist Financial upgraded Energizer from a "hold" rating to a "buy" rating and lifted their target price for the stock from $30.00 to $40.00 in a report on Tuesday, August 27th. StockNews.com raised shares of Energizer from a "hold" rating to a "buy" rating in a research note on Monday. Barclays lifted their target price on shares of Energizer from $31.00 to $32.00 and gave the stock an "overweight" rating in a research report on Friday, July 19th. Royal Bank of Canada restated a "sector perform" rating and issued a $38.00 price target on shares of Energizer in a research report on Wednesday, August 7th. Finally, Evercore ISI lowered their price objective on shares of Energizer from $42.00 to $40.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, Energizer presently has a consensus rating of "Hold" and a consensus price target of $34.38.

Energizer Profile

Energizer Holdings, Inc, together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. It offers lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide batteries under the Energizer, Eveready, and Rayovac brands; primary, rechargeable, specialty, and hearing aid batteries; and handheld, headlights, lanterns, and area lights, as well as flashlights under the Hard Case, Dolphin, and WeatherReady brands.